Tag Archives: vxx

Tuesdays Gone With the Wind

Another Tuesday Trading Session in the books.  While the media likes to give an exact reason why the S&P500 and DJIA hit record highs,  I'm pretty sure stocks were going to head higher even if Yellen did not speak today.

Courtesy of CNBC.com:

Home Depot blasted to new lifetime highs today after reporting earnings that impressed investors.  They also announced an $18 billion share repurchase program.

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Selling VXX Calls Short

After today’s market sell-off, the VIX rose a mammoth 35% and the VXX rose 10%. Two major global issues occurred today. The Malaysian Airline plane that was shot down, killing all on board, worried traders. In addition, Israel began a ground attack on Gaza. All of this led to the S&P 500 having its first down 1% in over 60 trading days and has given us another geopolitical crisis. What now?

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